First Oil Commences at Bentara Field Offshore Sarawak

October 4, 2014

Dateline 2014-07-23, Rigzone:

Malaysia’s national oil and gas company Petroliam Nasional Berhd (Petronas) announced Wednesday that Bentara field in the Balai Cluster Risk Service Contract (RSC) area located offshore Sarawak, Malaysia has achieved its first oil production May 25.

The field which is expected to produce more than 1,000 barrels of oil per day is being developed and operated by BC Petroleum Sdn Bhd.

The Bentara field is the second field in the Balai Cluster, which successfully achieved oil production after Balai field on Nov. 6, 2013

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ROC Oil begins drilling of West Acis-2 well in Malaysia

April 20, 2013

From the Energy Business Review, dateline 2013-04-02:

Australia-based independent petroleum company ROC Oil announced that the drilling of West Acis-2 well has begun in the Balai Cluster Risk Service Contract (RSC), Malaysia.

The Balai Cluster RSC includes four fields, Balai, Bentara, West Acis and Spaoh.

West Acis-2 located in the West Acis field, offshore East Malaysia, is the fourth well being drilled in the pre-development phase drilling program in the Balai Cluster.

It will be drilled to a planned target total depth of about 2,440m subsea.

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Appraisal drilling starts offshore Malaysia at Balai Cluster

September 20, 2012

Dateline 2012-09-11:

BC Petroleum Sdn Bhd has begun the pre-development phase appraisal drilling on the Balai Cluster risk service contract offshore Malaysia.

The first well, Bentara 2 in Bentara field is underway with a planned TD of 2,750 m (9,022 ft).

The Balai Cluster RSC consists of four fields: Balai, Bentara, West Acis, and Spaoh. The pre-development phase is expected to be completed by Q2 2013.

On successful completion of the pre-development phase and agreement on the economic viability of the fields, BCP will submit a field development plan.

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Roc Oil secures A$163 million pre-development funding for Malaysian oil and gas project

June 12, 2012

Dateline 2012-05-17:

Roc Oil (ASX: ROC) and its Balai Cluster Risk Service Contract partners in Malaysia have secured US$162 million (A$163 million) in project financing for the pre-development of the project offshore Sarawak.

Sumitomo Mitsui Banking Corporation, Standard Chartered Bank and CIMB Bank Berhad are the lead arrangers of the loan, which matures on 16 December 2014.

Roc has a 48% stake in the project and has thus far directly contributed US$30 million to the project, which is well along its pre-development phase. Total cost of the pre-development phase is estimated to be between US$200 to US$250 million.

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From Bernama – BC Petroleum To Invest RM2.55 Billion In Small Field Risk Service Project

November 24, 2011

I’m sorry, 53 jobs?

Dateline 2011-11-10:

BC Petroleum Sdn Bhd will invest up to RM2.55 billion in the small field risk service project of the Balai Cluster Field, offshore Sarawak.

The project, which will be carried out in two phases, is awarded by Petronas.

BC Petroleum is a joint-venture company between Roc Oil Malaysia (Holdings) Sdn Bhd, Dialog D&P Sdn Bhd and Petronas Carigali Sdn Bhd.

The project is projected to contribute RM4.95 billion to the country’s gross national income (GNI) and create 53 jobs by 2020.

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